The Bank of the Philippine Islands has chosen LogicaCMG and NetEconomy as its anti-money laundering solution.
NetEconomy will offer its ERASE compliance manager software to the bank which has more than 800 branches and around 1,300 ATMs that serve some 3 million depositors.
LogicaCMG’s AML scanning solutions handle more than 600,000 payments per day and operate in banks such as the Federal Reserve Bank of New York.